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DBS Cashline

Benefits

  • Low interest rate from 1.65% per month
  • Credit limit up to 4x your monthly income
  • Easy access to cash 24/7 with DBS/POSB ATMs, iBanking and complimentary chequebooks
  • First year annual fee waiver
  • Apply with Cashline Instalment Loan which offers you a disciplined way of achieving your goals.
  • Enjoy a short getaway to recharge, or even plan a special surprise for your loved ones, while you enjoy bigger savings with Cashline Balance Transfer.
  • Enjoy total peace of mind with CashShield Prime Plus.

Apply Directly with Bank

Interest Rates

Singaporean OR Permanent Resident

Gross Annual Income S$20,000 – below S$30,000 S$30,000 & above
Effective interest rate 25.8% per annum 19.8% per annum
Minimum monthly repayment 2.5% of outstanding balance or S$50, whichever is higher
Minimum interest charge S$10

Eligibility

Application Requirements for DBS Cashline

  • Nationality: Singaporean or Permanent Resident
  • Age: 21 years & above
  • Minimum Gross Annual Income: S$20,000 & above

Note: Existing DBS Cashline, POSB Loan Assist or POSB Loan Assist Plus customers are not eligible.

Mandatory Documents

Singapore Citizen/Permanent Resident

  • NRIC (Front and Back), AND
  • Income Documents (any ONE of the following)

Salaried Employees

  1. Latest 12 months’ CPF Contribution History Statement+
  2. Latest Computerised Payslip
  3. Salary Crediting into DBS/POSB Account^^
  4. Latest Income Tax Notice of Assessment** with either A or B or C

Variable/Commission-based Employees

  1. Latest 12 months’ CPF Contribution History Statement+
  2. Latest 2 years’ Income Tax Notice of Assessment**

Self Employed

  1. Latest 2 years’ Income Tax Notice of Assessment**

+ Please note that your CPF documents submitted online are only available for up to 7 days from the date of your submission.

** You can now print your Income Tax Notice of Assessment at myTax Portal with your SingPass or IRAS PIN. The service is free. Log on to https://mytax.iras.gov.sg for more details.

^^ Income documents are not required on the condition that your salary is credited via Giro, to your own Personal DBS/POSB Account and for at least 3 consecutive months. The Bank will review, and if necessary, adjust the current combined credit limit of all unsecured accounts based on the latest salary crediting information provided.

Fees

Late payment fee S$80
Late payment interest adjustment# Additional 6% above effective interest rate (the effective interest rate is also referred to as Prevailing Interest Rate)
Annual fee S$80 (waived for first year)

# The reinstatement to the Prevailing Interest Rate will be effective on the first working day after your next Statement Date once the minimum payments due on 3 consecutive statements are made in full on or before the respective payment due dates.

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